Armenia: composite consumer confidence index 103.1% in Q3 2006

FreshPlaza, Netherlands
Wednesday September 20

In the 3rd quarter of 2006, the composite consumer confidence index
was 103.1% in Armenia – a 3.1% rise compared to the 2nd quarter of
2006, the CBA press service reports. On the other hand, a 1.1% fall
was recorded in the 3rd quarter of 2006 compared to the corresponding
period of last year.

The Central Bank of Armenia (CBA) reports that in the 3rd quarter
of 2006 the consumer confidence index was 50.32 on a 100-mark scale
against 48.81 in the 2nd quarter and 51.3 in the 1st quarter. In the
2nd quarter of 2005, 51.3 consumer confidence index was recorded,
50.9 in the 3rd quarter and 51.5 in the 4th quarter.

Early in 2005, the CBA started conducting quarterly surveys of
non-financial, financial organizations and households. The goal of
the surveys is estimating the difference between the current and
previous periods, economic expectations of the entities involved,
calculating and publishing the key economic indices.

The survey involved about 700 organizations engaged in the industrial,
construction and service spheres, as well as 2,100 households both in
Yerevan and in Armenia’s regions. The business environment, economic
activity and consumer confidence indices are calculated on a 100-mark
scale. A mark over 500 shows high activity, one below 50 low activity
and 50 shows an unchanged situation.

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